14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMRC
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Ameresco Inc stock price ended at $22.69 on Monday, after gaining 1.25%.
(Updated on May 06, 2024)

Buy candidate since May 03, 2024 Gain 1.25% PDF

The Ameresco Inc stock price gained 1.25% on the last trading day (Monday, 6th May 2024), rising from $22.41 to $22.69. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.06% from a day low at $22.21 to a day high of $22.89. The price has risen in 7 of the last 10 days and is up by 18.86% over the past 2 weeks. Volume fell on the last day by -153 thousand shares and in total, 285 thousand shares were bought and sold for approximately $6.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.27% during the next 3 months and, with a 90% probability hold a price between $17.29 and $24.19 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

AMRC Signals & Forecast

Mostly positive signals in the chart today. The Ameresco Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.60 and $21.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 22.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Monday, April 01, 2024 and based on theory for this formation the price should fall by -41.72% to $13.22 within 33 trading days since signal was issued (Tuesday, May 07, 2024).

Support, Risk & Stop-loss for Ameresco Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $20.96 and $20.11. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ameresco Inc finds support just below today's level at $20.96. If this is broken, then the next support from accumulated volume will be at $20.11 and $19.54.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.680 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 5.63%.

Our recommended stop-loss: $21.99 (-3.10%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (AMRC) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Ameresco Inc to open at $22.60, and during the day (based on 14 day Average True Range), to move between $21.33 and $24.05, which gives a possible trading interval of +/-$1.36 (+/-6.01%) up or down from last closing price. If Ameresco Inc takes out the full calculated possible swing range there will be an estimated 12.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.74 (0.22%) than the support at $20.96 (7.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Ameresco Inc will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.110. We will update the financials statements for Ameresco Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.02% in the first trading day after earnings release.

Is Ameresco Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.802 Buy Candidate Unchanged

Predicted Opening Price for Ameresco Inc of Tuesday, May 7, 2024

Fair opening price May 7, 2024 Current price
$22.60 ( 0.411%) $22.69

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AMRC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.28 2.59 %
R2 23.02 1.44 %
R1 22.86 0.733 %
Current price: 22.69
Support S1 22.34 -1.56 %
S2 22.18 -2.26 %
S3 21.92 -3.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.99 10.14 %
R2 24.13 6.35 %
R1 22.74 0.220 %
Current price 22.69
Support S1 20.96 -7.62%
S2 20.11 -11.37%
S3 19.54 -13.88%

FAQ

What is the symbol for Ameresco Inc Stock and on which exchange is it traded?
The symbol for Ameresco Inc is AMRC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Ameresco Inc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Ameresco Inc Stock?
Ameresco Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ameresco Inc Stock.

What's the current price of Ameresco Inc Stock?
As of the end of day on the May 06, 2024, the price of an Ameresco Inc (AMRC) share was $22.69.

What is the 52-week high and low for Ameresco Inc Stock?
The 52-week high for Ameresco Inc Stock is $7.79 and the 52-week low is $2.69.

What is the market capitalization of Ameresco Inc Stock?
As of the May 06, 2024, the market capitalization of Ameresco Inc is 1.186B.

When is the next earnings date for Ameresco Inc?
The upcoming earnings date for Ameresco Inc is May 07, 2024.
Click to get the best stock tips daily for free!

About Ameresco Inc

Ameresco Ameresco, Inc., a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations. The company operates through U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generati... AMRC Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT